John A. Hobson

John A. Hobson

1858 - 1940, the Fabian Society related, was, from 1918, the most prominent economist of the Labour Party.

According to him, capitalism is under the constant danger of underconsumption, ie the creation of an excessive volume of savings that prevents sufficient global demand.

Conception is so far from orthodox econmía of the time was later picked up by Keynes. His conception of Imperialimo significantly influenced many thinkers and scholars of different policy areas. He has authored more than fifty works.